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NANNING: Asean and China’s collective efforts must focus on regional peace, stability, prosperity and fostering bilateral and multilateral trade relations, said Prime Minister Datuk Seri Anwar Ibrahim.

This is in the face of the post-pandemic challenges, geopolitical tensions and a host of other destabilising factors, said Anwar, who is also the Finance Minister.

He said Asean will remain as one of the fastest-growing regions in 2023 and it’s vital for Asean and China to diversify their trade and investment strategies as the world is making progress.

“Despite global economic challenges, Asean remains an attractive destination for international investment, charting an economic growth of 5.5 per cent in 2022, with 4.6 per cent (of growth) projected for 2023.

“This trajectory places Asean well above the global average, which the International Monetary Fund (IMF) has forecast at 3.5 per cent for 2022 and three per cent for (both) 2023 and 2024,” he said in his opening remarks at the 20th China-Asean Expo (Caexpo) and the China-Asean Business and Investment Summit (Cabis) here, today.